Pillsbury Winthrop Shaw Pittman has become the latest US firm to review its operations in the Middle East, closing two offices in the region. The firm has shut its doors in Abu Dhabi and Dubai, the latter office opening in the second quarter of 2017. The decision follows the departure of Pillsbury’s Middle Eastern co-head […]

Hogan Lovells has announced a management shake-up in Germany, with a newly created managing partner role to oversee all of the firm’s German offices. Current Munich office managing partner Stefan Schuppert has been appointed as managing partner of Germany, presiding over the firm’s four offices in Dusseldorf, Frankfurt, Hamburg and Munich. An intellectual property lawyer, Schuppert […]

Austria’s Blockchain & Cryptocurrency Regulation 2019

The Austrian government closely monitors developments in the area of alternative means of financing through distributed ledger technology and other digital assets, such as initial coin offerings (“ICOs”) or initial token offerings (“ITOs”). It tends to apply an open approach to cryptocurrencies, new technologies and fintech, while at the same time stressing that integrity, security and investor protection must not be compromised.

While Austrian law does not prohibit cryptocurrencies such as Bitcoin, Ethereum, Ripple or Litecoin, there is currently no specific legislation applicable to cryptocurrencies either.

Related briefings

By Tsvetan Krumov The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds. There are various types of private social security funds under Bulgarian law depending on the social security risks they cover. However, as the regime for derivatives and repo transactions is identical for all […]

By Florian Kusznier Technology and innovation are key drivers of advancement in a variety of industries, and certainly in healthcare. The level of patient care can be improved considerably with the right mix of traditional and innovative treatments and solutions. Nevertheless, there are regulatory challenges to overcome. Teleradiology is one area where technological advancements allow […]

By Gergana Roussinova Companies have until 1 February 2019 to register their beneficial owners in the Bulgarian Commercial Register and Register for Non-profit Legal Persons (the “Commercial Register“). This obligation comes as a result of the adoption of a new Law on the measures against money laundering in March this year (the “AML Law“). Who is obligated under […]

By Sebastian Lukic Pursuant to Article 267 of the Treaty on the Functioning of the European Union (“TFEU“), the Court of Justice of the European Union (“CJEU“) shall give preliminary rulings, at the request of courts or tribunals of the Member States, on the interpretation of Union law or the validity of acts adopted by […]

Debate is raging about the Romanian “offshore” law setting out the legal framework for oil & gas exploration and production in the Black Sea offshore perimeters, fuelling political turmoil and deterring investment. After a failed attempt to pass the Offshore Law in summer, there are signs of much needed stability. In July 2018, the Romanian Parliament approved […]

7 November 201811:07

Latest Briefings

By Maria Connolly The ECJ found that the Commission had granted approval in 2014 after just a month long preliminary examination and had failed to take full account of objections raised. The Commission must now undertake a full investigation of the scheme before granting state aid approval. It may emerge that changes to the scheme […]

By Anke Holtland Yesterday, the Amsterdam District Court ruled in summary proceedings that the Museum Map Foundation must provide data to the tax authorities on museum visits by one specific museum card holder. What was going on? The Tax and Customs Administration demanded the information about museum visits from one specific museum card holder for the period 2014 to […]

By Joost Dibbits On 5 November 2018, the Dutch Ministry of Economic Affairs and Climate and the Flanders Department of Economics, Science and Innovation entered into a memorandum of understanding (MoU) on personalised medicine. The parties to the memorandum refer to the definition of personalised medicine used by the Council of the EU (2015/C 421/03): […]

By Roland de Vlam, Redmar Damsma With the tender for the Hollandse Kust Zuid III & IV offshore wind sites in Q1 2019 rapidly approaching, potential contesters and other interested parties are awaiting the publication of the definitive version of the Ministerial Regulation holding the rules and weightings related to the tender procedure and criteria […]

By Anže Skodlar Crypto assets and among them cryptocurrencies, which this article focuses on, have proven themselves as an eminent opportunity in many aspects of the new digital economy, giving birth to new innovative enterprises and enabling exchange of value in a decentralized manner. This is also evident in Slovenia, being a well-known hub of successful […]

Pillsbury Winthrop Shaw Pittman has become the latest US firm to review its operations in the Middle East, closing two offices in the region. The firm has shut its doors in Abu Dhabi and Dubai, the latter office opening in the second quarter of 2017. The decision follows the departure of Pillsbury’s Middle Eastern co-head […]

Hogan Lovells has announced a management shake-up in Germany, with a newly created managing partner role to oversee all of the firm’s German offices. Current Munich office managing partner Stefan Schuppert has been appointed as managing partner of Germany, presiding over the firm’s four offices in Dusseldorf, Frankfurt, Hamburg and Munich. An intellectual property lawyer, Schuppert […]

Mishcon de Reya has launched its fourth major consultancy business, setting up a new brand management arm to advise companies on reputation, launches and strategy. MDR Brand Management was announced internally at the firm last Wednesday and will be led by Daniel Avener who joined the firm in June to kickstart the business. Avener was senior […]

17 September 201809:00

In-House & Private Practice Legal Jobs

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Recent news

Taylor Wessing’s former managing partner Tim Eyles has joined consulting group Parker Fitzgerald as its chairman, marking his first official role since leaving the law. As part of his role, Eyles will be tasked with overseeing the international growth strategy and financial performance of the consulting group, tapping into his longtime leadership experience in the legal […]

Latham & Watkins has joined Ashurst in the buy-out of the i newspaper owner Johnston Press, securing the future of the multimedia publisher. The company, which has 200 titles under its belt and is one of the UK’s biggest employers of journalists, turned to Ashurst in October, when it put itself up for sale, riddled […]

Dentons‘ global management duo – chairman Joe Andrew and CEO Elliott Portnoy – have been re-elected for another three-year tenure at the helm of the firm. The duo, who have led the firm for five years already, stood unopposed during the process. They took over the reins in 2013 after the merger of European firm Salans […]

A team of 10 real estate lawyers from CMS Cameron McKenna Nabarro Olswang are defecting to City outfit Fladgate in one of the biggest team moves out of the firm since its merger. It was revealed last month that ex-Olswang partners Simon Kanter and Alan Karsberg were to join Fladgate, though it has now emerged […]

Shoosmiths has guided salon chain Regis through its company voluntary arrangement (CVA) in the eighth retail restructuring deal that the firm has done in a year. Regis, which owns the hairdresser Supercuts brand, lined up the CVA in October in order to cut its rents after being hit by lower footfall, the apprenticeship levy and higher pension […]

Pennon Group, the water utility and waste management company, is seeking a new general counsel following the departure of its current GC and company secretary. Helen Barrett-Hague leaves Pennon after just two years. Before starting at the FTSE 250 company, she was GC at chemicals group Alent, and prior to this she served as group legal counsel […]